To fast track gas production in the South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 13 was installed on Wednesday. According to Payam Motamed,…
Energy
Energy Minister Reza Ardakanian said Tuesday construction work is underway for building 31 power plants with total capacity of 19,000 megawatts in 27 provinces.
Compliance across OPEC is in question amid conflicting interests regarding oil production cuts and an abrupt withdrawal announcement from Qatar. While the tiny Persian Gulf sheikhdom’s…
Expanding the gas grid and supplying households with natural gas in the underprivileged provincial capital of Zahedan is on track, the head of Sistan-Baluchestan Province Gas Company said. "…
Russia’s oil output dipped in November, preliminary data from Russia’s federal state budgetary organization CDU TEK said over the weekend, days before the OPEC summit scheduled for December 6…
In a bid to meet the increasing demand for electricity in Gachsaran, in Kohgiluyeh and Boyer-Ahmad Province in the southwest, a small thermal power plant will be connected to the national grid…
Oil prices will plummet to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, a senior Iranian oil official said.
Natural gas to the Iraqi capital Baghdad that had been suspended last week after the magnitude 6.4 earthquake in Kermanshah Province, will resume soon, a spokesman for the National Iranian Gas…
Construction of a 100 kilowatt solar power plant has started in Qom Province, managing director of Qom Water and Wastewater Company said.
A gas unit of the Hormoz Combined Cycle Power Plant in southern Hormozgan Province has been connected to the national grid, said the director of private power plant projects at the Thermal Power…
Despite the promising autumn rain, total precipitation is still 48 millimeters below its long-term average, head of the National Drought Warning and Monitoring Center, a subsidiary of Iran…
Qatar is to leave OPEC next month in order for the Persian Gulf state to focus on gas production, the country’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.
Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts. Russian President…
Despite waivers the US government granted to eight countries after imposing sanctions on Iran’s oil exports, the country’s crude sales will fluctuate between 1.1and 1.3 million barrels per day…
An estimated 2.6 billion kilowatt hours of electricity has been produced from renewable sources since March 2009. According to Paven, the Energy Ministry's news portal, the output helped save…
Construction work on the fourth phase of Persian Gulf Star Refinery in the southern Hormozgan Province has started and is expected to be completed in less than two years, director of planning…
OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but…
The new government in Pakistan under the leadership of Prime Minister Imran Khan intends to complete the long-delayed Iran-Pakistan gas pipeline, the country’s Minister of Petroleum Ghulam…
Financial disputes between the Energy Ministry and the contractor of the first geothermal power plant in Meshgin Shahr, Ardebil Province, has brought the project to a standstill, the governor of…
OPEC oil supply has fallen in November from a two-year high due to US sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the…
Japanese firms will continue buying crude oil from Iran with the maximum capacity possible before the end of the 180-day period during which it is exempt from new US sanctions on Iranian oil…
Italian major Eni is in talks to expand its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Persian Gulf and offset its reliance on Africa…
In the wake of a sharp spike in ethane production, polyethylene output in Kavian Petrochemical Complex in the Pars Special Economic Energy Zone in Asalouyeh, Bushehr Province, has witnessed a 40…
Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers. Futures in New York are set to…
The National Iranian Drilling Company has drilled 98 onshore and offshore wells since March, the company’s deputy managing director for drilling operations said.
